Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: Gottfried who wrote (55610)	11/15/2001 8:54:42 AM
From: willcousa	of 70976

We have noted in the past how often stocks seem to gravitate to their max pain points on expiration day. Some (self included) see this as evidence of manipulation. I use it in deciding what strikes to use when I write cc's. Whatever the explanation for the movement to max pain it happens very often. When the market makes a big break up or down there is no way stocks can be brought to max pain. If there were there would be no breakouts. So when I calc. max pain on my five outstanding writes I find all are well above max pain today. I don't see how the stocks can revert to max pain this month. We have broken out. Question is can we hold it or are we going to retrench. I am voting retrench but it is just gut feel right now.

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